Product management is moving front and center in many business’ strategies. Due to the increasing importance of data in decision making and increased customer and design focus, the role of the product manager is expanding.
McKinsey describes product managers as “the glue that bind[s] the many functions that touch a product…” Their influence extends to not only what products get built but also “every aspect of how it gets built and launched”.
Why are they so important? In an increasingly consumer-oriented world, businesses that can connect with their customers and thoroughly solve their problems are the ones that are flying high. You only need to look at brands like Apple and Google to appreciate this.
Considering the climate, it makes sense to invest in a role occupied by someone that can make that connection and translate it into every aspect of the product. This is why product management jobs in Lithuania are only set to grow bigger.
Lithuania itself is a country that is supremely focused on becoming a preferred business location for countries around the world. In this country of lean, infectious growth, product management jobs are doing as well as they ever have.
This article discusses the recent trends for product management jobs in Lithuania. Using data from the MeetFrank app, it explains what the market for these jobs looks like and the key data to keep in mind.
Who are employers in Lithuania looking for?
Offers for product management jobs in Lithuania increased by 50% in the first half of 2019, compared to the second half of 2018.
The burst in hiring activity signals the expansion of the MeetFrank platform and greater interest of companies in candidates for these positions.
Employers hiring for product management jobs in Lithuania have set their eye on a variety of candidates that can occupy more experienced roles.
According to MeetFrank data, offers for product managers in mid-level roles were highest between January and July 2019. Candidates for senior roles received almost as many offers, coming in second.
The least offers were however made to less experienced candidates in entry and junior roles.
While the market seems favourable to more experienced candidates, fresh talent may have to skill up if they’ll have a chance in the market. Companies seem more interested in snapping up more experienced candidates at the moment, although that may change as teams start getting built out.
Average salaries for product management jobs in Lithuania
MeetFrank data on average salaries for product managers in Lithuania was studied along three main tracks: average overall, average per month and average per seniority.
The overall averages showed that the average minimum salary for the first half of 2019 was €1,264 while the average maximum was €2,541. The highest salary during the period was €5,517 per month.
For averages per month, average salaries started out low at the beginning of the year before improving towards mid-period and then tapering off at the end of the period. The average in January was €1,962 and February was €1,710.
March was much better at €2,078 and April was even better with an average of €2,350. Perhaps due to the characteristic drop in recruiting activities during the summer period, averages dropped to €1,500 in May. While there was a rally to €1,963 in June, the first half of the end year at €1,725 in July.
For averages per seniority, executives were the highest paid, earning €3,600 on average per month, while entry candidates were the least paid with an average of €1,650 per month.
Most in-demand skills for Lithuanian product management jobs
Project management was the most in-demand skill for product management jobs in Lithuania. Out of 11 tracked skills, it was required in 20% of offers.
Team leading was the second most preferred skill, required in 14% of offers, while competencies in Scrum, Kanban and Agile came third, required in 13% of offers.
Other skills making up the top five are business development and analytics and BI, required in 10% of offers each.
To make more than €2,500 in product management jobs in Lithuania, you need to have competencies in project management, team leading, Scrum, Kanban and Agile.
The data for in-demand skills reinforces the high-level role that product managers are expected to play in relation to a company’s product.
Sadly, many companies fail to provide appropriate systems and processes that will help product managers do their work well. This 2016 study found that about 50% of product managers are not impressed with their organization’s product management process.
Worse, 6% of organizations affected had no plans to improve their processes. In this situation, product managers are forced to navigate a system that makes decision making, accountability and communication harder than it should be.
However, this does not necessarily translate to a disadvantage. It can even be an opportunity. By finding tools and processes that can integrate into any business, you can be the one to make the C-suite executives see the light.
Where do MeetFrank users want to work?
Our data shows that most MeetFrank users would like to work in startups, coolest offices and in companies that offer remote workspaces.
There are several companies that fit this bill and are also looking for product managers. They include Telesoftas, Baltic Amadeus, Kilo.Health, Telia and ORCA Alliance.
Some of these companies are also part of the top ten currently hiring for product management jobs in Lithuania. They include TeleSoftas, Danske Group IT Lithuania, Intrum Global Business Services, Baltic Amadeus, Horion Digital, Umega Group AB, ACC Distribution, Credital, Kilo.Health and Energus Power Solutions.
Get started on MeetFrank today
Would you like to know more about the companies hiring for product management jobs in Lithuania? Download the MeetFrank app for Apple and Android to see all the information you need.
With MeetFrank, job hunting does not have to be stressful. You can see all the companies that are interested in hiring you and what they have to offer. Simply download the app to get started.
MeetFrank also helps companies take the stress out of recruitment. Do you have a specific type of candidate in mind? You don’t have to sort through thousands of applications looking for the one. Check out MeetFrank for companies to see how it works.
The fuss of the restaurant is like the background melody that never stops. The soft clanking of cutlery, the warm buzz of conversation, champagne bottles going pop. Waiters skilfully sneak around the tables. Barista grinds and brews the best drink ever existing in the world – coffee, and the smell drifts away. Bussers hastily carry away wiped clean plates without a notice. A hostess cheers new guests and walks them to the available table with the best view. A manager lurks and passionately observes how things are going. The kitchen has its romance. The chef is polishing up his masterpiece, while cooks follow the recipes with pinpoint accuracy.
Good news. Hospitality jobs are on their way. Each one of these and many other positions will appear in the MeetFrank app. We are growing non-stop so do employment opportunities. The time has come, so please welcome a new Hospitality industry many of our users have been waiting for. Europe strongly holds its position as the top tourist destination. It means more jobs in the Hospitality industry than ever before.
Now I`ll throw some numbers that explain why MeetFrank takes this industry onboard and why you should care.
Hospitality jobs in Finland
The figures show that Hospitality is one of Finland’s most dynamic industries.
Helsinki Times reports that the turnover generated by this industry amounts to €15 billion and contributes to 2.6 % of Finland’s GDP. The revenue comes mainly from foreign visitors, the number of which keeps rising and is 8.3 million.
The number of nights spent by tourists has increased by 1.3 %, reaching an impressive figure of 6.8 million. The travel industry in Finland is steadily growing, and we see positive growth potential in the long run.
The Hospitality industry currently employs around 150,000 people but is always craving for more. The Finnish Hospitality industry is facing a major deficit of talent, and companies experience difficulties in finding employees with matching skills. It slows down the growth of the industry.
Hospitality jobs in Estonia
More than 5.2% positive change in foreign visitors arrivals shows that more tourists are coming and stay for longer.
The number of nights spent by tourists has increased by 4.4 % compared to 2018, reaching 4.9 million.
The Bank of Estonia estimates the proportion of expenses made by foreign visitors in the export of travel services to be almost 1.2 billion euros.
These numbers suggest that foreign visitors are a great opportunity for the Estonian market to boost the Hospitality Industry even more.
Hospitality jobs in Latvia
In Latvia, the hospitality industry is a fast-growing sector of the economy. Geographic location, rich cultural and historical heritage, as well as growth-oriented workforce, facilitate the growth. Those, who have been there, know what I am talking about.
In 2018 foreign travelers checked in this beautiful country 7.8 million times, which is 0.6 % more than the year before. Tourists keep spending more and more € on their trips. Last year expenditures amounted to €750 million, which is more than a year ago. In 2018, 2.81 million visitors were hosted at tourist accommodation establishments of Latvia – 9.0 % more than the year before.
The hospitality industry in Latvia is expanding quickly by opening new hotels and restaurants. Due to accelerated development, the hospitality industry provided almost 75 000 jobs and accounted for 8.5% to total employment in Latvia.
Hospitality jobs in Lithuania
2018 was the most successful year for Lithuania with regards to tourist inflow. The number reached 3.6 m tourists that visited Lithuania.
The hospitality industry has its focus on the most successful foreign markets that bring the € in. Lithuania experienced rapid growth in the number of tourists coming from Germany and Japan.
The interest of Lithuanians in their country keeps growing. The Lithuanian tourism market is divided in half. Lithuanians who traveled within the country and stayed in hotels cover 51.8% of the market, while foreigners make up the rest 48.2 % of the Lithuanian tourism market.
The successful 2019 raises great expectations for 2020. The goal in the hospitality industry will try to support and maintain the increasing inflows of tourists.
What`s in it for you?
Opportunities, of course.
The hospitality industry sustains 16,6 million jobs in Europe, which means 1 in every 13 jobs. No more numbers, I promise. The markets experience a high demand for talents due to the upward trend in the Hospitality Industry. There is a positive correlation between the inflow of tourists and the growth trend in the Hospitality industry. The more days tourists spend in the country, the more work has to be done to provide them a service. At the same time, companies are unable to find the best talent fit and need extra hands.
MeetFrank is here to ease it up with the new relocation feature that aims at filling the gap in companies when finding the best match employees. You as a skilled talent being in high demand will be able to see opportunities abroad and connect directly with companies in the Hospitality industry and not only. We believe that talent is borderless. In today’s age, it doesn’t always matter where you are based. You are free to choose your best career path based on aspirations, not location. And even better, in many cases, jobs can be completely remote.
Skills, determination and a great attitude. No, that’s not what will earn you €3,000 a month working in sales jobs in Lithuania, but it’s what you’ll need if you want to succeed in these jobs.
Guess one of the most important things that a customer looks out for in a sales transaction. Yep, involvement.
More and more customers now expect that buying something should be more than a transaction, it should be an experience. According to research from KPMG, more than78% of consumers would rather spend money on an experience.
The research further found that consumer spending on experiences has increased by at least 70% since 1987. What’s more?62% of customers expect personalized service when they interact with a brand, especially if they have made past purchases.
It’s definitely not easy to turn something as ordinary as buying a new hairdryer into a unique consumer experience, but it’s what customers expect. And if you’ll stand any chance of making your brand their top choice, that’s exactly what you have to deliver.
So, it seems you’ll be needing plenty of skills, determination and lots of attitude to achieve this. Not to worry though, there are many stats and facts that you can utilize to make the best of your task and smash your earning goals.
We’ll share some of these stats in this article, along with information about the market for sales jobs in Lithuania and how to earn €3,000 a month in these jobs. Let’s dig in.
Sales jobs in Lithuania: What are customers doing?
Although retail sales in Lithuania increased by 2.9% year on year in August 2019, there have been some pretty strong figures up until now. The 2.9% posted was the smallest gain in retail sales since February 2018, and only eased from a strong 6.9% in July.
To get these sales in though, a lot of work has to go in. Sales engagement research found that only24% of sales emails are ever opened. And calling is not any better. It takes an average of18 calls to actually connect with a buyer and call-back rates are below 1%.
Cold calls are getting even harder to pull through these days. Until recently, it took an average of about 3.6 cold calls to reach a prospect. Now, it takes an average of8 cold call attempts to reach the same prospect.
Despite this,41.2% of salespeople said their phone is the most effective sales tool in their arsenal. Why’s this? By implementing a number of seemingly simple but effective tactics, savvy salespersons are able to reach prospects quicker and turn them into quality leads.
For instance, you probably didn’t know that the worst times to call, according toresearch, are Mondays at 6:00 am and on Friday afternoons. Or that the use of collaborative words such as ‘we’, ‘our’, ‘us’ instead of ‘I’, increased call success ratesby 35%. Weird? Probably. Effective? Definitely.
Although the calling stats are definitely interesting, the real winner for sales reps is social media. Nielsen reports, for instance, that43% of consumers are more likely to buy a new product when they learn about it from their friends on social media.
Thepurchasing decisions of 81% are influenced by their friends’ social media posts and another 78% are influenced by the posts of brands they follow.
Considering this, it’s no wonder that salespeople aremore effective when they use social media. Several industries also report a50% increase in sales revenue when they utilize social media selling.
So, to really get started on your journey to earning well from sales jobs in Lithuania, you need to start working on your LinkedIn skills.
Top skills to earn more than €3,000
From our data on the offers made for sales jobs in Lithuania between during the first half of 2019, we curated the top skills demanded by recruiters. Out of 34 tracked skills, we drew out the top five.
Business development and sales management skills received the joint most demand from employers. They were required in 13% of offers each. Interestingly, cold contacting skills were required in 8% of offers, and lead generation skills also received the same demand. Negotiation skills rounded up the top five, being required in 7% of offers.
We studied offers that brought talent salaries over €3,000 and distilled the skills required in these offers. To earn this high, MeetFrank data indicates that candidates need to have competencies in sales management, business development and negotiation.
Sales reps will also be expected to cultivate and maintain an attitude that engages consumers. This is because a single positive experience enjoyed by a consumer can turn that person into a loyal fan. And they’ll be bringing their friends along too.
A single offline word of mouth impression (a referral) drives sales5 times more than one paid impression (paid ads). For impressions that require higher fees, an offline impression can drive sales even 100 times higher.
Retaining a single customer can provide a lifetime value 16% higher than a single-purchase customer. This is why companies need to cultivate their customer engagement strategies.
However, it can bite both ways if done incorrectly. Avande reports that more than50% of buyers consult third party sources long before getting in touch with a company. You want to ensure that they’re hearing all the right things.
Who are companies hiring and what are they paying?
MeetFrank data on the hiring trends for the first half of 2019 showed that the highest demand from companies was for senior sales reps. Offers for mid-level roles in sales jobs in Lithuania followed as a very close second.
Offers for lead and junior executives were 3rd and 4th respectively, while the 2nd least offers were made to candidates in entry roles.
This didn’t stop these candidates from earning reasonably well though. Entry sales reps earned a monthly average of €1,543, a figure slightly above the national average. Juniors earned much higher though, taking home a monthly average of €2,319 during the first half of 2019.
Executives were the highest paid, even though they received the least offers. They took home €3,335 on average per month.
Overall, the average minimum wage recorded during the first half of 2019 was €1,084 while the average maximum was €2,616. The highest salary received during the period was €10,000. Quite a hefty pay check, we must say.
On a month to month basis, general averages did reasonably well, with strong average salaries per month. The lowest during the period was €1,617, recorded in June, while the highest was €2,216, recorded, interestingly, in the very next month, July.
Where do you want to work?
Now that you know what skills you need to earn high in sales jobs in Lithuania, you can also have your pick of companies you’d like to work for. When asked about their preferences, MeetFrank users in Lithuania said they want to work for startups, remotely and for the Coolest Offices.
There are firms that fit this description and are also actively hiring for sales jobs in Lithuania. They include CoinGate, Kilo.Health, Telia, KORDIS, Debitum Network, Whatagraph and Interactio.
Apart from these companies, several others have been very active in hiring for sales jobs in Lithuania. The top ten includes UAB Icona, Intrum Global Business Services, Multiorders, CoinGate and Umega Group AB.
Others are ACC Distribution, International Fintech UAB, Credital, Kilo.Health and 70 Ventures UAB. Interested in finding out more about these companies? You can have all the info at your fingertips.
Make it all happen with MeetFrank
MeetFrank is an app made for talent and recruiters. It provides all the info, data and stats that talent need to make informed decisions about job offers and what companies need to find the right candidates.
You candownload the app for Android and Apple, if you want to see what companies are interested in hiring you. And if you are a recruiter,schedule a call with us here to see how MeetFrank makes recruitment easier for companies.
If there is any single department that is indispensable to the operations and existence of a business, it must be the sales department.
Think about it. Every business exists to sell something, no matter what that is. Take the possibility of sales away, and you kill the business. That’s why sales and business development professionals are vital to every business. It’s also why sales jobs in Estonia promise such great opportunities for the right candidates.
Estonia, like most countries around the world, is seeing a constant increase inconsumer purchasing power. Consumers have never held as much power as they currently do, and companies are scrambling to find the perfect mix of product and experience that will put them firmly in consumers’ good books.
Businesses are constantly honing their sales tactics to attract and retain loyal customers, and sales and business development teams are central to all these tactics.
If you have been wondering what the possibilities are for sales jobs in Estonia, you’ll find plenty to excite you in this article. Utilising data from our employment solution platform,MeetFrank, we did a deep dive into the market for sales jobs in Estonia. And we have some interesting insights for you.
Sales and business development industry in Estonia
The sales industry is a pretty interesting one. It features a never ending dance between businesses, through their sales and business development reps, and consumers. Since someone is usually trying to gain something from the other (businesses want massive sales, customers want low prices + high quality), friction is always bound to occur.
For instance, Hubspot reports that only17% of sales reps would admit to being pushy, while 50% of prospects would think otherwise. And to put their point across,only 3% of buyers trust sales reps. The only people that attract less trust are car sales persons, politicians and lobbyists. That’s quite some company.
Despite the often uneasy relationship between sales professionals and consumers, there’s no doubt that there are many salespeople who get it right. 52% of customers say they have made an additional purchase all because they had great service from great salespeople. And another 73% say they stuck with a brand because of friendly employees.
The consumer sales industry is reaping the rewards of this great service. Statista reports that global retail sales are expected to exceed$26.29 trillion by the end of 2019. The market itself is expected to increase in value by4.7% in 2019.
The figures are similar for Estonia. In 2018, retails sales in Estonia grewat a faster pace than GDP and retail trade increased by4% year on year in August 2019. Statistics Estonia reports that the turnover of retail trade enterprises inAugust 2019 alone was €661 million.
Clearly, the industry has no real trouble generating sales. The only challenge for businesses is beating the competition to those sales. That’s where candidates for sales jobs in Estonia are expected to make the difference.
Sales jobs in Estonia: Who do companies want to hire?
Since the challenge for companies is attracting the right prospects, the obvious thing to do is to try and get in capable hands. To achieve this, it makes sense to build out teams that have a good mix of skills and experience.
Our data on offers for sales jobs in Estonia indicates that companies offered the most jobs to mid-level and senior sales reps during the first half of 2019. These positions were the most in-demand by a wide range.
Offers for junior and lead reps were also substantial, although they came in second and third respectively. Executive positions attracted the least offers, although this makes sense as there can only be so many leaders in one team. Entry positions however attracted almost as few offers as executive positions.
What does this mean for talent? It may be necessary to look more closely at the possibility of acquiring more skills and experience before looking into the market for sales jobs in Estonia.
How much are companies willing to pay?
We have three tracks of data on average salaries for sales jobs in Estonia. Given the importance of sales and business development jobs, you should expect that these jobs would pay well.
And they do, according to MeetFrank data. The data for overall average salaries for the first half of 2019 indicated that average minimum salary was €1,376 while average maximum was €2,793. The highest salary offer received was €10,000. A bumper payday, if we’ve ever seen one.
Employees in entry roles earned an average of €1,928 per month, while juniors earned even higher, taking home an average of €2,147 every month. Seniors and lead reps earned over €3,000 while executives earned over €4,500.
Our data on monthly averages indicated that salaries dwelt between an average of €1,149 and €3,009. Although, they only went below €1,800 once, and that was the €1,149 posted in February.
Want to earn more than €5,000? Skills you’ll need
For high achieving talent, it is possible to earn way above the average salaries reported for the first 6 months in 2019. According to our data, to get a chance at earning more than €5,000 per month, candidates must be competent in account management, business development and sales management.
These also happen to be the top three out of the 5 most in-demand skills for sales jobs in Estonia. Each was required in 13%, 11% and 8% of offers respectively.
This means that if you can count these skills under your portfolio, you will be eminently qualified for at least 34% of job offers. That’s not a bad deal at all, if you can acquire these skills.
Find the perfect workplace for sales jobs in Estonia
No matter what your preferences are, you can find the sales jobs in Estonia that fit them perfectly. Our users in Estonia say they want to work for startups, fintech firms and companies that offer remote work.
We know the exact companies that fit this bill and are also hiring for sales jobs in Estonia. Top amongst them include Scoro, Bigbank, Messente, Mindtitan and MeetFrank.
Others are Telia, Adcash, Katana, If Insurance, Nortal, Coop Bank, Weekdone, e-Agronom, Fortumo and Pocopay. You can find all these companies and more on MeetFrank.
Apart from these companies, there are others that have made waves in the market already with their hiring activities. They are the top ten companies hiring for sales jobs in Estonia.
They include MeetFrank, LGFG Fashion House, Scoro Software, Mobinner, Bigbank, Dynodesk, Veriff, Apranga Group Estonia, Messente Communications and Eliko.
Conclusion
With these stats, you have all you need to set out on your search for the best workplaces for sales jobs in Estonia.
MeetFrank provides the perfect platform for recruiters and talent to meet. Find the companies that make the most sense for you and see all the data about what they have to offer.Download MeetFrank for talent on Android and Apple today.
Recruitment is now easier than ever on MeetFrank. Companies do not have to scour through thousands of CVs to find the perfect candidate. Using MeetFrank, recruitment can be stress free, and even fun.Try it out today.
Here’s an interesting stat:only 39% of sales people ever intend to go into sales. For most of the rest, it was a second, third or even fourth calling.
If you’re a candidate for sales jobs in Finland, this stat is not meant to discourage you. Rather, it serves to show how few people consciously make the decision to join an industry where it can get difficult to perform well.
Think about this. According to Salesforce,79% of marketing leads are never converted into sales. This means that you may spend more than two-thirds of your time chasing leads that will never convert.
However, research also shows that those who take the time to get it right eventually make it big. For instance, Microsoft reports that79% of sales people achieve their quota by using social selling techniques. So, if you want to make the most of sales jobs in Finland, you need to be aware of the key facts and stats that underpin the market.
In this article, we’ll share the stats we have on sales jobs in Finland with you. Some of these stats and facts were culled from our employment platform, MeetFrank, and cover the first 6 months of 2019.
Overview of the market for sales in Finland
Although the Finnish economy is stillfighting its way out of hard times, it has noticeably improved recently. Its GDP grew by2.6% in 2017, at a faster rate than all the other Nordic countries, and its GDP per capita was 36% above the EU average.
This has helped an increase in retail sales and consumer purchases across the country. Retail sales increased by2.5% in 2017 and3.9% in July of 2019. Retail consumption in the country is over 20% higher than that of the Eurozone, equal with Sweden’s and 6th overall in all of the EU.
The online retail sector has particularly enjoyed a lot of growth. In theB2C market, Finns spent about $9.6 billion on retail goods and services. 84% shop online, spending an average of $3,770 a year.
All indications show that Finns are not averse to spending. Retail accounts for 33% of total household expenditure in the country, and, when combined with food, beverage and leisure, it amounts to 40%.
Clearly, there are more than enough sales being made in Finland. The sticky point for companies though is getting a healthy share of the sales. That’s where candidates for sales jobs in Finland are expected to make the difference.
Top skills required for sales jobs in Finland
Customer facing roles have a tendency to require a lot from candidates. To excel in these roles, talent needs to be fluid in client interaction and accurately anticipate and meet needs.
Candidates that cannot do this may find things a bit difficult. Take this stat for instance. Blender reports that65% of customers are lost because of indifference, not because of any mistakes on the part of the sales person.
This means that you could do everything right but still lose the customers because they simply do not “feel” the service.Hubspot research indicates that buyers expect sales persons to “listen to their needs”, “respond in a timely manner”, “provide relevant information” and not “be pushy”.
Companies also seem to think along these lines, as MeetFrank data indicates that sales representation was the most sought after skill in 2019, required in 13% of offers. Cold contacting, sales management, account management and negotiation made up the rest of the top 5 with 12%, 11%, 9% and 9% respectively.
The requirement for cold contacting and negotiation skills further indicate the premium that companies put on candidates that excel at customer relations.
As more customers search for purchases that will deliver an engaging sales experience, it is expected that the importance of consumer interaction will only increase.
Who are employers interested in hiring?
For the period between January and July 2019, companies were most interested in hiring mid-level sales reps. These candidates received the most offers during the period, followed closely by offers for senior sales and business developers.
In respect of offers for other positions, the market seemed fairly balanced. There were almost similar offers for well experienced reps and for candidates that are only just starting out on their careers.
These candidates in entry roles received the 5th highest offers, with only candidates for executive roles receiving less offers. Lead and junior candidates were 4th and 3rd respectively.
The stats show the market is a pretty good one for fresh talent. The volume of offers for more experienced candidates also indicates that there may be some room for swift movement up the ladder for talented candidates.
Average salaries for sales jobs in Finland
Overall, salaries for sales jobs in Finland were good, over the first half of 2019. The average minimum salary during the period was €2,319 per month and the average maximum was €4,879.
During the period, the highest single salary for a position was €10,000. As you have seen, earning this much would require a mixture of some of the most relevant skills on the market.
MeetFrank data shows that candidates that want to earn along these lines should have competencies in cold contacting, sales management and sales representation.
Average monthly salaries remained at a generally high level, starting out at its lowest of €3,075 in January and reaching a maximum of €5,300 in July. Interestingly, the figures show a departure from the characteristic slump in salaries usually experienced during the summer months.
Candidates in entry roles started out at average salaries of €4,091 per month and juniors at €4,540 on average. Seniors earned a monthly average of €5,167 but executives were the highest paid with salaries of €6,343 on average.
Work preferences for candidates
MeetFrank users in Finland are interested in sales jobs in Finland that can offer The Next Big Thing, startups and Fintech.
Companies that fit this description and that are also hiring for these jobs include MeetFrank, Feedbackly and Loiston. Others are Zeffi, Fira Group, Kodit and Sievo Oy.
The companies doing the most hiring for sales jobs in Finland during the first half of 2019 include Lumoa.me, Sector Alarm Oy, Mail Boxes Etc Finland, Myyntimaatio Oy and Emmy Clothing Company Oy.
The rest of the top ten are Sellai Oy, Leinolift Oy, Visma, Barona IT and ArcticStartup Media Oy.
Find all you need on MeetFrank
MeetFrank is an app that democratises the job market. We make it easier for talent to find all the information that can guide them on their decisions regarding the market and job offers.
You don’t have drop off your CV a thousand times before you find the perfect workplace. Job hunting should not have to involve so much hunting.Download the app for Android and Apple to see what companies are interested in hiring you and what they have to offer.
MeetFrank is also made for companies that want to streamline their recruitment process to become more efficient and cost-effective. With MeetFrank, companies don’t have to spend so much time looking for the perfect candidate. We’ll bring them all to you.Schedule a demo call with us to see how the app works.
Ever since the AI revolution started in earnest, there have been many milestones and more than a few scares.
With the increasing ability of AI to execute tasks with superhuman precision and even learn how to perform better, it’s no longer a question whether AI will take away some jobs. The bigger question is: whose jobs are on the line?
Analysts predict that modern technology will result in the loss of more than800 million jobs. Everyone, from doctors to accountants and even truck drivers, seems to have a target on their backs.
Will the same trends affect the market for finance jobs in Finland? How well is the market coping with the increasing rise of technology? What skills do you need to do well in this market?
Come along and we’ll answer all these questions with data we have drawn from the MeetFrank app. Here’s all you need to know about the trends for finance jobs in Finland over the first 6 months of 2019.
Technology and AI in finance jobs in Finland
The finance and accounting industry has always seemed a prime candidate for an AI takeover. It involves a lot of repetitive tasks that have to be performed with perfect or near perfect precision using large amounts of data.
Due to this, the industry has been a fertile ground for the introduction of advanced tech and AI. For instance,Robotic Process Automation has been implemented in the industry. It reduces audit and contract processing time from months to mere weeks.
But will these trends lead to a decrease in finance and accounting jobs around the world? Has it negatively impacted the market for finance jobs in Finland?
The experts say No. Rather than take away finance and accounting jobs, they predict instead that technologywill transform jobs in the industry. It will help accountants and finance professionals perform their jobs better, leading to higher productivity and greater efficiency. In fact, many arguethat is already the case today.
In Finland, for example, technology already enjoys a peaceful co-existence with finance. The country is a world leader inelectronic financial management. It has developed online services and software that enable “paperless, real-time e-bookkeeping and e-accounting”.
Far from clashing with opportunities for finance jobs in Finland, these solutions have helped the industry grow, introducing cost savings and flexible financial management.
MeetFrank data indicates that offers on the app for finance jobs in Finland grew by an astonishing 280% in the first 6 months of 2019. Instead of a market with dwindling job openings, there are more companies hiring on MeetFrank and better opportunities for talent to get the jobs they desire.
What skills do you need to succeed in this market?
This is pivotal, because the increasing prominence of technology in the industry will necessitate the acquisition of new and vital skills.
Currently, the top skill required by employers for finance jobs in Finland is accounting, a requirement in 21% of job offers. Bookkeeping follows in second with 19%, while financial management, financial consultation and financial planning make up the rest of the top 5.
It is noteworthy that three out of the top 5 skills require qualities that have much more to do with human capabilities than technological input. This reinforces the fact that while AI may take away repetitive jobs, it will free professionals to concentrate more on high-level tasks.
It however makes sense for talent to add some adeptness with accounting tech to their skillset. Forbes reports that labor intensive processes like payroll management, auditing and tax remittance will befully automated by 2020. Prudence dictates being ready for that future.
Hiring trends for finance jobs in Finland
According to MeetFrank data, the hiring trends for finance jobs in Finland indicated greater demand for candidates in mid-level and senior positions. They commanded far and away the most offers from employers in the first 6 months of 2019.
Offers for lead and junior positions were quite a way off, with offers for entry finance positions bringing up the rear.
The hiring trends indicate a greater demand for better skilled and more experienced candidates during the period. This emphasises the need for talent to obtain vital skills and experience before entering the market.
The top 10 companies that led in hiring for finance jobs in Finland during the period include Azets Insight Oy, one of the biggest accounting services companies in Finland, and Efima Oy.
Others in the top 10 are Kuori Oy, Leinolift Oy, Singa, Nightingale Health Ltd., Digia Oyj, ParkMan, Loiston and Tilitoimisto Lemon Tree Oy.
How well do finance jobs in Finland pay?
Our figures for average salaries in Finland indicated that the minimum average pay earned in the first 6 months of 2019 was €2,450. The overall maximum average earned during the period was €4,105 and the highest salary offer received was €7,000.
On salaries per seniority, employees in lead finance positions were highest paid with average monthly salaries of €4,400. Seniors earned an average of €4,230 while entry level employees earned €3,333 on average.
The average salaries for entry level employees were similar to the monthly averages per month for the period. January started out at €3,275 and salaries peaked at €3,563 in May.
Interested in earning much higher than this? We found just the perfect combination of skill you need to earn more than €4,000 every month. According to MeetFrank data, competence in accounting, financial management and financial planning will set you up for the payday you desire.
Work preferences for talent in Finland
Where do our Finnish users want to work? Mostly for Startups, Fintech and The Next Big Thing.
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